NEW YORK, Nov. 17, 2017 /PRNewswire/ -- ASGARD Partners & Co., ("ASGARD"), a financial services firm headquartered in New York, announced that it has been engaged by Burst Inc. ("Burst" or the "Company") as the Company's strategic and capital markets advisor to assess strategic alternatives*. ASGARD will also focus on assisting Burst in creating and executing new strategies to maximize shareholder value.
Burst delivers mobile videos/photos from reporters and fans into broadcast workflows within minutes and is integrated into all leading broadcast systems via digital, social, in-venue, live TV, and OTT applications. The Company has developed proprietary software, technology and workflows that enable media companies, publishers and brands to crowdsource user-generated video content as well as "controlled" content shot by reporters, stringers and trusted sources at sporting events, concerts and for everyday news gathering.
Bryant McBride, CEO of Burst said, "We chose to work with ASGARD because they are smart, connected, respected, purpose driven and above all else, relentless. Those traits shine through every day in everything they do."
Nicholas Desjardins, Partner and Head of Advisory Services of ASGARD, commented, "We are extremely pleased to be partnering with Burst in the financial and value creation components of their business strategy. We look forward to working with Burst and assisting them with strategic planning, capital market strategies, advising on potential partnerships and acquisitions, and introducing the Company to the investor community."
Robert Beall, 646-867-7259
ASGARD Partners & Co. is a next generation financial services firm combining growth advisory, capital markets advisory, and private equity investments into one platform to better and more efficiently serve clients and investors globally. ASGARD believes business is a powerful platform that can change the world for the better and is committed to serving entrepreneurs, companies, and investors that share this belief. The partners at ASGARD have collectively arranged and advised on more than $50 billion in transactions and have proven expertise across a wide spectrum of advisory services. ASGARD brings multi-functional capabilities to its clients and enables them to navigate their capital and growth decisions effectively. For more information about the firm, please visit https://asgardpartners.com.
*All securities are offered through, Venture.co Brokerage Services LLC ("Venture.co") Member: FINRA/SIPC. ASGARD Partners & Co. and Venture.co are independent and not affiliates. ASGARD Partners & Co., may be paid by Venture.co for technology, reporting, communications and administrative efforts; and several officers and employees of ASGARD Partners & Co. are registered representatives of Venture.co Brokerage Services LLC. ASGARD Partners & Co. officers and employees in their capacity as registered representatives of Venture.co Brokerage Services LLC may receive compensation from Venture.co as a result of brokerage related activity.
Burst is a mobile video platform (www.burst.com) based in Boston. The company has developed proprietary software, technology and workflows that enable media companies, publishers and brands to crowdsource user-generated video content (UGC) as well as "controlled" content shot by reporters, stringers and trusted sources at sporting events, concerts and for everyday news gathering. Burst is able to directly ingest the curated, rights-managed mobile video content into all screens - digital, social, in-venue, Live TV and OTT applications - in near real-time. This creates new video inventory for digital and linear media companies.